Question
The Acme Widget Company has found that if widgets are priced at $ 373, then 47000 will be sold. They also found that for every
The Acme Widget Company has found that if widgets are priced at $ 373, then 47000 will be sold. They also found that for every increase of $ 14, there will be 800 fewer widgets sold. marginal cost of widgets is $ 186.5. The fixed costs for the Acme Widget Company are $ 36000.if x represents the price of a widget find the following terms of x:
1) The number of widgets that will be sold:
2) The revenue generated by the sale of widgets:
3) The cost of producing just enough widgets to meet demand:
4)The profit from selling widgets:
5)find the price that will maximize profits from the sale of widgets:
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Get StartedRecommended Textbook for
Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
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